It's time for poker players to start putting their money to work.

[hawk59]

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2: What does it take to consistently beat the stock market (picking)?

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1) If you aren't comfortable putting 20% of your assets in a single stock then you shoudln't be comfortable putting 2% in. Concentrate your good ideas, avoid mediocre ones.

2) Good ideas can be explained in one paragraph and consist of one simple idea. Complicated ideas don't work out how you would expect. The mathematical version of this is that it's better to have one variable with a 95% chance of going in your favor than 10 variables with a 99% chance of going in your favor.

3) There is nothing wrong with being lazy for long periods of time, and is in fact preferable. Most people can't do this. If you concentrate your portfolio with 4 or 5 excellent investments at a time then you won't be needing to come up with new ideas very often.

4) Ignore everything else. Worry about what matters, and don't worry about anything else. 99% of what you think matters, doesn't.

I think Scorpion Man is making things sound much too exciting and complicated than is good for beginning investors. The fact is that if you have the right mentality then every so often you will find stocks where you can make multiples of your money with little to no risk, and these ideas can be explained to a 10 year old in less than 2 minutes.